Posted by psd57 > 2013-11-09 13:41 | Report Abuse

1.At current price, PE is 41.21x FYE June 2013 earnings! it is high

2.Assumption: Based on a reasonable PE of 20x; EPS CAGR of *20%p.a over the next 3 yrs till 2016. (EPS 2013 5.80c)
Result: I only see a price of Rm 2.00 based on FYE 2016 estimated earnings
Note: *I am compounding EPS 2013 of 5.80c by '20%' p.a for 3 years in view of all the goodies outlined above. I think it is reasonable

As it stand now, they r basically 'fronloading' many years of potential growth into the current price. This is essentially stealing the future earnings from potential shareholders/newbies. Nevertheless, it is an atttactive stock at a fairly reasonable price mentioned above. Give others also a chance mah!

09/11/2013 13:12